Core Viewpoint - Dazhong Mining Co., Ltd. will implement the 2024 annual equity distribution soon, leading to a temporary suspension of the conversion of its convertible bonds due to the existence of shares in the company's repurchase account [1][2]. Group 1: Equity Distribution and Convertible Bonds - The company is set to implement an equity distribution plan, which necessitates the suspension of the conversion of its convertible bonds, referred to as "Dazhong Convertible Bonds" [1]. - The suspension of conversion is in accordance with the regulations outlined in the Shenzhen Stock Exchange's self-regulatory guidelines, specifically regarding the issuance of convertible bonds during equity distribution [1]. - The company will resume the conversion of the convertible bonds after the equity distribution is completed and will notify bondholders accordingly [2]. Group 2: Adjustment of Conversion Price - The adjustment of the conversion price for the convertible bonds will occur in the event of stock dividends, capital increases, new share issuances, or cash dividends, following specific formulas [3]. - The formulas for adjusting the conversion price are detailed, including variables such as the previous conversion price, stock dividend rate, and cash dividend amount [3]. - The company will announce any adjustments to the conversion price and the relevant dates through designated media, ensuring transparency for bondholders [4].
大中矿业: 关于实施权益分派期间“大中转债”暂停转股的公告